Voyager Digital, a cryptocurrency-focused broker, has announced the acquisition of Coinify ApS, a crypto trading and payment firm, for approximately $84 million in stock and cash. The company said in a press release that the acquisition accelerates its "international expansion and capabilities."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
"As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager's digital asset ecosystem and will give our rapidly growing customer base of over 1.75 million users a fast, easy, and secure way to make payments from their Voyager accounts," said Stephen Ehrlich, CEO and Co-Founder of Voyager.
The acquisition comes after Voyager's user base grew by over 1400% in the first six months of 2021. As part of the acquisition, Coinify shareholders will get a total of 5,100,000 of newly issued shares of Voyager Digital Ltd. common stock and $15 million in cash.
Previously, Square announced it will buy back all the shares of Australian payments service Afterpay for its own shares for $29 billion. The deal is expected to close during the first quarter of 2022. For each Afterpay share, shareholders will receive 0.375 Square shares and the premium will be 30.6%.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.